Economy

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MoCo Planning Process Speeds Up

While some worry that developers will ignore residents' needs if planning processes were sped up, signs show there are at least some benefits.

NPR

Mississippi's Jobs Program: A New National Model?

The state subsidized portions of workers' salaries in the hopes that it would lead to permanent jobs. Six months after the program ended, more than half of the participants were still working. "It just takes a bit of the sting out of the cost of hiring," says one employer participating in the program.
NPR

Obama, Banks Trade Fire In Debit-Card Debate

President Obama dived into the controversy over Bank of America's plan to start charging a monthly $5 fee for the use of its debit card, suggesting the bank is mistreating its customers. For its part, the bank says the new fee is designed to recoup the billions of dollars it is losing as a result of a consumer protection law.
NPR

In Tough Times, How Are Cities Staying Afloat?

While many cities and entire regions of the U.S. are deep in the economic doldrums, the Brookings Institute recently released a list of 20 cities that are doing relatively well. Guy Raz spoke with the mayors of Nashville and Grand Rapids, Mich., about how they're staying afloat.
NPR

Ford, UAW Reach Agreement On New Contract

Ford and the UAW have reached a tentative agreement on a new contract. As part of the deal, Ford announced it will hire 5,750 additional workers in the U.S. The deal also includes $6,000 signing bonuses. But entry-level workers will be hired at around $7 an hour, far less than the average wage for veteran UAW workers.
NPR

Group Pushes For Corporate Tax Holiday

A group called Win America is pushing the government to allow companies to repatriate hundreds of billions of dollars in cash parked in offshore accounts. Normally, that money would be subject to a tax rate of up to 35 percent. But lobbyists are hoping to strike a deal that would temporarily lower the rate to about 5 percent. Bloomberg Businessweek Magazine published an article that shows how dozens of former congressional aides are part of this effort to help major corporations secure a massive tax break. Guy Raz talks to Jesse Drucker, an investigative reporter for Bloomberg.
NPR

Fed Chief Testifies On Capitol Hill

Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill Tuesday that the recovery has been much weaker than expected. He went on to say that Congress also has a role to play in getting the economy back on track. He said fostering healthy growth "is a shared responsibility."

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